For quick gains, the screen is trying to find stocks with strong near-term momentum, enough trading liquidity, and a still-constructive trend. That makes the results more suitable for short-term trading opportunities rather than slow, long-term investments.
Screening Filters
- price min: 15
- Purpose: Avoid very low-priced stocks.
- Rationale: Stocks above $15 are generally less likely to be ultra-speculative penny stocks, which can be erratic and harder to trade efficiently. This helps focus on names that can move quickly but are still more tradable.
- monthly_average_dollar_volume min: 3,000,000
- Purpose: Ensure strong liquidity.
- Rationale: For quick gains, you want stocks you can enter and exit easily. Higher dollar volume usually means tighter spreads and better execution, which is important when trading short-term momentum.
- relative_vol min: 2.0
- Purpose: Find stocks with unusually high current volume.
- Rationale: Relative volume above 2 means the stock is trading at least twice its normal activity, which often signals increased attention, momentum, or a catalyst. That’s a key trait for quick trading setups.
- rsi_category: moderate
- Purpose: Avoid extremes in momentum.
- Rationale: A moderate RSI suggests the stock has room to continue rising without being excessively overbought. That can be preferable for short-term entries because it reduces the risk of buying something that is already overstretched.
- moving_average_relationship: PriceAboveMA20
- Purpose: Confirm short-term bullish trend.
- Rationale: When price is above the 20-day moving average, it generally indicates near-term upward momentum. This is a common sign that traders use to identify stocks already in a short-term uptrend.
- ema_20 min: 0
- Purpose: Keep the stock’s 20-day trend indicator valid and usable in the screen.
- Rationale: This helps ensure the stock has enough data and a meaningful short-term trend measure for comparison.
- ema_60 min: 0
- Purpose: Keep the stock’s medium-term trend indicator valid and usable.
- Rationale: Like the 20-day EMA, this is a baseline requirement so the screen can evaluate whether the stock’s shorter-term trend is improving relative to the medium-term trend.
- week_price_change_pct min: 8
- Purpose: Select stocks with strong recent price performance.
- Rationale: A gain of at least 8% over the past week suggests the stock is already moving sharply, which is often what traders look for when trying to capture quick upside.
- region: US
- Purpose: Limit the list to U.S. stocks.
- Rationale: This keeps the universe focused and generally improves liquidity, transparency, and ease of trading for many users.
- comparison_between_indicators: ema_20 > ema_60
- Purpose: Confirm bullish trend alignment.
- Rationale: When the 20-day EMA is above the 60-day EMA, it often indicates short-term momentum is stronger than the medium-term trend, a classic bullish setup for momentum traders.
Why Results Match:
- The screen focuses on stocks already showing upward momentum, which is essential for quick gains.
- It requires high trading volume and relative volume, so the stocks are more likely to be actively moving and easier to trade.
- It avoids weak or illiquid names, increasing the chances of cleaner entries and exits.
- The moving-average and EMA conditions help ensure the stock is in a bullish trend, not just bouncing randomly.
- The RSI filter keeps the list from being too overextended, which can help find stocks that still have room to run.
If you want, I can also explain what kind of trade style this screen is best suited for: breakouts, momentum swings, or intraday trades.
This list is generated based on data from one or more third party data providers. It is provided for informational purposes only by Intellectia.AI, and is not investment advice or a recommendation. Intellectia does not make any warranty or guarantee relating to the accuracy, timeliness or completeness of any third-party information, and the provision of this information does not constitute a recommendation.